Asia’s AI transparency tangle

More: Temu founder Colin Huang becomes China’s richest person and Singapore-based IoT firm UnaBiz scores funding. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [Dive into the AI transparency paradox in Asia]( - Singapore-based UnaBiz getting US$25 million in pre-series C funding - Other newsy highlights such as Temu founder Colin Huang being named China’s richest person --------------------------------------------------------------- Hello {NAME} I was a pretty terrible English teacher in my younger days for various reasons, including an inability to always explain the rules of English grammar. It’s an issue a lot of native speakers face, knowing what correct grammar is but being unable to explain the rules that make a particular sentence structure correct. Today’s increasingly powerful AI systems are similar in that even their creators struggle to explain how these models arrive at the outputs they do. But while I could simply tell my poor students that I was right just because (I told you, a terrible teacher), it’s an important ethical issue for those impacted by AI systems to be able to understand them. Today’s featured story dives into that dilemma, with a focus on how Asian nations are approaching it. -- Peter  ---------------------------------------------------------------  THE BIG STORY [National interests trump AI transparency in Asia]( Building transparent AI models is difficult, costly, and may compromise accuracy, but it’s a key ethical issue. --------------------------------------------------------------- TRENDING NEWS [UnaBiz raises US$25 million pre-series C funding]( The Singapore-based firm plans to use the funds to expand its services in the security industry and deepen its market penetration in the logistics and supply chain sectors. [Temu’s billionaire founder becomes China’s richest person]( With a $48.6 billion fortune, the 44-year-old Colin Huang, who is also the founder of ecommerce giant Pinduoduo, displaces Zhong Shanshan, the country’s bottled-water king who has held the top spot since April 2021. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Weekly funding: Genuone funding round takes gold for Korea]( Keep track of all the startup investment activities in Asia through our weekly funding list. ---------------------------------------------------------------  TURN AI HYPE INTO YOUR STARTUP’S UNFAIR ADVANTAGE An honest look at how genAI translates into tangible results You want generative AI solutions that actually deliver, right? Cut through the noise with Google Cloud’s Jayotika Mohan and discover how startups are winning with genAI right now. Join us on August 22 to learn concrete steps to turn insights into real value for your business. 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